Iconic Sunset Strip MXU Sold for $210M
Palo Alto, CA-based Broadreach Capital Partners divested The Sunset, an iconic, 179,000-square-foot mixed-use asset on the Sunset Strip for $210 million to Kilroy Realty Corp. The experiential WeHo development features a 10-story, roughly 72,000-square-foot office tower and a three-building retail plaza encompassing some 107,000 square feet.
The 88%-leased complex is located on 2.2 acres and boasts 420 feet of coveted Sunset Strip frontage. It features some of the world’s most recognizable brands in fashion and health/fitness, including Equinox, SoulCycle, H&M and Oliver Peoples. A subterranean parking structure provides 930 parking spaces.
HFF’s Ryan Gallagher, Michael Leggett, Bryan Ley, Andrew Harper and Tim Geiman represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser